Alpha Exploration Ltd. · TSXV:ALEX
Alpha Exploration — Investor Presentation (June 2023)
36 slides from Alpha Exploration's investor presentation, June 2023
Slide 1: Making Gold-Copper-Zinc Discoveries in the Arabian-Nubian Shield
Making Gold-Copper-Zinc Discoveries in the Arabian-Nubian Shield TSX.V Symbol ‘ALEX’ Alpha Exploration Limited June 2023 Presentation ALPHA-EXPLORATION.COM Aburna Colonial Gold Mine Area
Slide 2: Disclaimer Notice - Qualified Persons Statement - Confidentiality
Disclaimer Notice - Qualified Persons Statement - Confidentiality 2 Disclaimer Notice Islamic Mosque Catholic Cathedral This presentation of Alpha Exploration Limited (“ALEX”) is for information only and shall not constitute an offer to buy, sell, Asmara City issue or subscribe for, or the solicitat
Slide 3: Alpha Exploration Key Highlights
Alpha Exploration Key Highlights 3 MISSION STATEMENT: THREE SIGNIFICANT DISCOVERIES IN JUST OVER 2 YEARS Exploring for Copper, Gold and Zinc in the highly prospective Arabian-Nubian shield of NE Africa & Saudi Arabia Orogenic Gold discovery – Aburna Prospect 100% INTEREST IN THE LARGE KERKAS
Slide 4: Alpha Share Structure, Financing & Listing – 'ALEX' on TSX-V
Alpha Share Structure, Financing & Listing – ‘ALEX’ on TSX-V 4 ALPHA TSX-V LISTED ON NOVEMBER 1, 2021. TICKER: ALEX Share Structure as of 5 June 2023: Shares Outstanding 80,518,353 • Ordinary Shares 65,232,194 • Preference Shares 15,286,159 Management Ownership 13.57% Founder’s Performance Warrants
Slide 5: Board of Directors
Board of Directors 5 Michael Hopley - President & CEO • BSc (Geology), London University Member of American Institute of Professional Geologists. • +40 years of international experience - Has held Executive & Board positions with Gold Fields Mining, Bema Gold Corp, Arizona Star, & Tournigan Energy.
Slide 6: Advisors & Management
Advisors & Management 6 Ashwath Mehra- Advisor • BSc (Econ), Economics & Philosophy, London School of Economics. • 35 years global experience in minerals industry & economist by training. CEO of ASTOR Group, a private investment & advisory business, working in Mining, Tech, Biotech and Real Estate.
Slide 7: Arabian-Nubian Shield ('Last Frontier')
Arabian-Nubian Shield (‘Last Frontier’) Canadian & Australian Shields >100 years of aggressive exploration, many mines discovered. The Arabian- Nubian Shield Larger than Australian Shield, minimal exploration over last 100 years, few mines discovered. Arabian-Nubian Shield. A new exploration f
Slide 8: Kerkasha License (771km²) with 20 Prospects
Kerkasha License (771km²) with 20 Prospects 8 Kosolda Prospect Orogenic Gold Large Artisanal Workings Aburna Prospect Au in soil Orogenic Gold 4x 5km area Colonial Mine Au in soils 6 x 2km area Best drill intercepts: • 16m @ 14.07 g/t Au Tolegimja Prospect • 23m @ 6.74 g/t Au Volcanoge
Slide 9: Aburna Gold Discovery – Best Soil, Trench, Channel, Traverse Results
Aburna Gold Discovery –Hill 52, Northeast, Central & Celebration Hill Best Soil, Trench, Channel, Traverse Results 9 Significant Trench & Channel & Traverse sample assay results for gold Aburna Prospect Trench-Channel- Interval (m) Gold (g/t) Sub Area Traverse Northeast Channel 12 25 3.71 Northeast
Slide 10: Aburna – Significant Drilling Results to Date
Aburna – Significant Drilling Results to Date 10 Prospect Hole Type No of Holes Metres Total (m) RC 76 9,209.00 Aburna 10,090.10 DD 5 881.10 Significant drill intercepts for gold at Aburna – to date From To Interval Au Sub Area Hole (m) (m) (m) (g/t) Northeast ABR037 14 30 16 14.07 Northeast ABR044
Slide 11: Aburna – Hill 52 & Northeast Sub Areas Sections
Aburna – Hill 52 & Northeast Sub Areas Sections 11 Sectional interpretation of gold mineralisation at Hill 52 Sub Area Sectional interpretation of gold mineralisation at Northeast Sub Area
Slide 12: Aburna – Central Sub Area Section & Next Steps
Aburna – Central Sub Area Section Aburna – Next Steps 12 Hill 52 Area Drill Q2-Q3 2023 programmes Location Plan & proposed Sectional interpretation of gold mineralisation at Central Sub Area programmes at Aburna Trench & Channel sampling • Strike extension trench and channel sampling of known mine
Slide 13: Aburna Geology with all Sub Areas and Drill Hole Locations to Date
Aburna Geology with all Sub Areas and Drill Hole Locations to Date 13 ABURNA SUMMARY • The Aburna gold prospect is located on the western side of the Company’s Kerkasha Exploration License. • Gold was mined at Aburna in the 1920s by Italian Colonial Miners and more recently by local Artisanal Miners
Slide 14: Aburna – Target Areas and Soil Geochemistry with Sukari Analogue
Aburna – (Target Areas + Soil Geochemistry) with Sukari Analogue (Geology + Resource/Reserve) 14 Geology of Sukari Orogenic Gold Deposit (Egypt) Sukari Resource/Reserve Statement – December 2022 Project Surface Area Depth Resource/Reserve (2022) Company Sukari 2.7 km x 1.0 km 1,200m Au Resource (Moz
Slide 15: Anagulu Porphyry Gold Copper Discovery
Anagulu Porphyry Gold Copper Discovery 15 Oxidised copper staining in ‘quartz eye’ diorite porphyry outcrop located in the northeast of Anagulu Prospect
Slide 16: Anagulu – Drilling with Geology
Anagulu – Drilling with Geology Anagulu drill location plan Hole From To (m) Au Cu Ag with geology (m) (ppm) (%) (ppm) ANAGULU COPPER-GOLD DISCOVERY HOLE AND001 80 81 1.92 0.70% 2.62 81 82 2.91 1.23% 4.88 82 83 0.91 0.78% 3.99 108m @ 1.24 g/t Au & 0.60% Cu & 3.57g/t Ag (60 - 168m) 83 84 1.68 0.79%
Slide 17: Anagulu Northeast – Most Significant Drill Results to Date
Anagulu Northeast – Most Significant Drill Results to Date (Sections 38, 40, 42) 17 Anagulu Best Intervals for Au-Cu-Ag + Au & Cu Equivalents Au CuEq AuEq AuEq gms x Hole_ID From (m) To (m) Interval (m) Cu (%) Ag (ppm) (ppm) (%)*** (g/t)** metres AND001 60.00 168.00 108.00 1.24 0.60 3.57 1.39 2.19 2
Slide 18: Anagulu – Geology & Trenching
Anagulu – Geology & Trenching After examination of Anagulu core, Dr Richard Sillitoe (Consultant) advised remapping of Prospect identifying the ‘quartz eye’ diorite The geological map for Anagulu (adjacent diagrams) - the quartz eye diorite (light green) extends and expands for ~1.5kms to the so
Slide 19: Tolegimja Copper-Zinc-Gold (VMS) Discovery
Tolegimja Copper-Zinc-Gold (VMS) Discovery 19 The very profitable Bisha VMS Mine is located ~50km NNW of Tolegimja Prospect in Eritrea Bisha VMS Mine – Eritrea First modern Mine in Eritrea (VMS/Gold) – Discovered by Nevsun Resources then sold to Zijin Mining in 2018 Gossan outcrop drill tested by TL
Slide 20: Tolegimja – Soil Geochemistry & Drill Results
Tolegimja – Soil Geochemistry & Drill Results 20 100m x 100m soil anomalies for Alpha has yet to test and determine the strike extent of the massive & copper & zinc with Induced semi massive sulphides intercepted in RC holes TLR003 & TLR009 Polarisation (IP) anomalies, RC & DD drill hole locations
Slide 21: Kosolda Gold Prospect
Kosolda Gold Prospect 21 In-situ Gold Workings Kosolda Main, north end (~800m strike) Kosolda IP-Resistivity survey area (purple polygon) on geology & anomalous Au in Alluvial Gold Workings Kosolda Prospect (extend for ~3kms) soils with best drill results
Slide 22: Next Steps
Next Steps 22 ABURNA: • Trench & channel sampling to help focus further drilling (Q2-Q3 2023). • Ground magnetic survey (Q2 2023). • IP-Resistivity survey (Q2-Q3 2023). • Drill test targets identified from drilling/channel-trench sampling/Magnetic-IP surveys/structural studies (Q3-Q4 2023). • Scan
Slide 23: Why Invest in Alpha?
Why Invest in Alpha?..... Listed on TSX.V Under Symbol “ALEX” 23 ► Exposure to gold, copper and zinc through: Orogenic Gold, Porphyry Gold-Copper and Volcanogenic Massive Sulphide (VMS) Prospects. ► Led by Team that discovered and/or developed: Bisha VMS Copper-Zinc-Gold Mine (Eritrea) o John Cl
Slide 24: APPENDICES
24 APPENDICES Zara Gold Mine – Eritrea
Slide 25: Aburna Current Geological Model for Gold Mineralisation
Aburna Current Geological Model for Gold Mineralisation 25 Mafic volcanics and volcaniclastics Granodiorite are laid down Intrusive D1 Compression from the northwest and Southeast 1 creates isoclinal folds in ductile deformation and D1 structures striking to the northeast 2 Granodiorite intrudes up
Slide 26: Anagulu – Geology + Drilling with Jebel Ohier Analogue
Anagulu – (Geology + Drilling) with Jebel Ohier Analogue (Geology + Resource) 26 Geology of Jebel Ohier Copper-Gold Porphyry Deposit Project Surface Area Depth Resource (2017) Company Jebel Ohier 2.3 km x 0.5 km ~500m Tonnes (Mt) 246.3 Qatar Mining Cu (%) 0.44 Porphyry Au (g/t) 0.08 Cu-Au Cu (Mt) 1.
Slide 27: Tolegimja – Geology, Geochemistry, Drilling with Bisha Analogue
Tolegimja – (Geology + Geochemistry + Drilling) with Bisha Analogue (Geology + Resource/Reserve) 27 Geology and mineralisation of the Bisha VMS Deposit Project Surface Area Depth Resource/Reserve (2011) Company Bisha 1.2 km x 0.5 km 450m Tonnes (Mt) 28.313 Zijin Mining Cu (%) 1.60 Zn (%) 3.15 Volcan
Slide 28: Drill hole intercept/AuEq/Metal Factor methodology
Drill hole intercept/Gold Equivalent (AuEq)/Metal Factor methodology 28 ► The following methodology and calculations were used to determine the drill hole intercepts and the AuEq & CuEq calculations given on slide 17: *Intercept calculations for RC holes ANR015-030 and DD holes AND001-009 are made u
Slide 29: Eritrea Mining Act & Alpha Agreement with ENAMCO
Eritrea Mining Act & Alpha Agreement with ENAMCO 29 The agreement between Alpha Exploration and the Eritrean National Mining Corporation (ENAMCO) protects and clarifies Alpha’s interests for all parties… in the case of a discovery. Agreement between Alpha Exploration Eritrea Limited and ENAMCO: ➤ On
Slide 30: Alpha Contact Details
Alpha Contact Details 30 ABOUT ALPHA EXPLORATION LIMITED Alpha Exploration Ltd is a Publicly Listed (TSX-V) Exploration Company focused on the discovery of world class economic gold & base metals deposits in the highly prospective Arabian-Nubian shield, that runs on either side of the Red Sea. Regis
Slide 31: Statutory Rights of Action
Statutory Rights of Action 31 • Statutory Rights of Action • Securities legislation in certain of the provinces of Canada provides purchasers with certain statutory rights of action for damages or rescission, in addition to any other rights they may have at law, where an offering memorandum or any a
Slide 32: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 32 • Directors or Signatories will not be liable: a) if they prove the offering memorandum was sent or delivered to the purchaser without their knowledge or consent and, on becoming aware of its delivery, promptly gave general reasonable notice that it was deli
Slide 33: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 33 • In addition, no person or company, other than the issuer, will be liable if the person or company proves that: a) the offering memorandum or any amendment to it was sent or delivered without the person’s or company’s knowledge or consent and that, on becom
Slide 34: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 34 • Newfoundland and Labrador • The right of action for damages or rescission described herein is conferred by Section 130.1 of the Securities Act (Newfoundland and Labrador) (the “Newfoundland Act”). The Newfoundland Act provides, in relevant part, that where
Slide 35: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 35 a) no action shall be commenced to enforce the right of action for rescission or damages by a purchaser resident in Nova Scotia later than 120 days after the date on which the initial payment was made for the securities; b) no person will be liable if it pro
Slide 36: Statutory Rights of Action (continued)
Statutory Rights of Action (continued) 36 d) (no person or company will be liable with respect to any part of the offering memorandum not purporting to be made on the authority of an expert or to be a copy of, or an extract from, a report, an opinion or a statement of an expert unless the person or
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